The optimal number of traffic deaths

Assignment Help Business Economics
Reference no: EM13829923

Using optimization theory, analyze the following quotations:

a) "The optimal number of traffic deaths in the United States is zero."

b) "Any pollution is too much pollution."

c) "We cannot pull U.S. troops out of Afghanistan. We have committed so much already."

d) "If Congress cuts out the International Space Station (ISS), we will have wasted all the resources that we have already spent on it. Therefore, weust continue funding hte ISS."

e) "Since JetGreen Airways has experienced a 25 percent increase in its insurance premiums, the airline should increase the number of passengers it serves next quarter in order to spread the increase in premiums over a larger number of tickets."

Reference no: EM13829923

Questions Cloud

Optimism or pessimism about business conditions : Optimism or pessimism about business conditions and economic growth can also lead to shifts in the IS curve. Describe a case from the real world where economic growth picked up because of more optimism and another case from another country where econ..
Marginal revenue product for a price taker equals : Marginal revenue product for a price taker equals
Indication that monetary policy is contractionary : A decrease in the Discount Rate is an indication that monetary policy is contractionary.
Is bridget making the utility-maximizing choice : Bridget has a limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle, and the price of cheese is $4 per pound. Is Bridget making the utilit..
The optimal number of traffic deaths : The optimal number of traffic deaths in the United States is zero." "Any pollution is too much pollution." "We cannot pull U.S. troops out of Afghanistan. We have committed so much already."
What is the return on your investment : If you invest $600 in a stock, borrowing $540 of the $600 at 10 percent interest, and the stock price rises by 25 percent, what is the return on your investment?
What is the new equilibrium : Find the equilibrium level of real GDP. What is the multiplier in this model? Assume investment increases by $10,000, what is the new equilibrium? Use a "Keynesian Cross" (45 degree line) graph to show the equilibrium level of real GDP in parts ‘a’ a..
Write a declaration akin to thomas jefferson : What group today could write a declaration akin to Thomas Jefferson's and Elizabeth Cady Stanton's?
What intercultural perceptions do people have : What intercultural perceptions do people have and how we relate to each other. What do people want to know or need to learn about these topics?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd